In today’s blog, we will discuss the economic and non-economic factors that determine the use of land, factors in community development, in addition to the two prime models referenced when discussing macroeconomic activity in metropolitan regions.
How do economic and non-economic factors determine land use?
Four prime factors to community development:
How a community is structured the Von Thunen model (1826)
1. Central Facilities
How a community is structured the Burgess Model (1920)
1. Commercial and offices
2. warehouses, and manufacturing
3. low income housing
4. middle income housing
5. high end housing
Mark Lester has over 5- years of experience in the real estate industry and is an active employing broker in the state of Colorado that specializes with investment and business real property sales. Prior to a career in real estate, Mark worked over 10-years in the restaurant industry. Recently, he has consulted business owners and real estate investors with helping them solve issues ranging from marketing, operational, financial, or portfolio strategies. Finally, educationally, the author holds a BA in real estate from Ashford University, in addition to an MS in finance and economics, and MBA from West Texas A&M University.